President-elect Joe Biden has pledged to tackle the climate crisis. Nonetheless, the oil and gas industry is reacting with a surprising amount of optimism.
Workers in the energy sector face two paths: The oil industry offers big salaries but more volatility, while clean energy pays less but provides more stability and a sense of mission.
The pandemic massively reduced the world's consumption of oil. Now two influential reports suggest that this state of affairs will continue well into 2021 — if not longer.
When the price of oil crashes, oil companies often merge and big oil gets even bigger. So this crisis could be an opportunity for companies, but it comes with a tremendous amount of uncertainty.